Key Points
- June’s Bitcoin ETFs are still positive by 17,134 BTC worth over $1.13 billion despite a negative week.
- BlackRock’s Bitcoin ETF, IBIT, flipped Grayscale’s Bitcoin ETF, GBTC.
According to the latest reports coming from HODL15Capital, despite a net negative week, Bitcoin ETF holdings in June are still +17,134 BTC positive. The holdings are worth about $1.13 billion.
Data from SoSoValue reveals the total net inflows and outflows in Bitcoin ETFs as shown below:
Data from SoSoValue also reveals that the total net assets locked in Bitcoin ETFs are of $57.27 billion, following 4 days of outflows that the crypto products saw during this week.
BlackRock’s Bitcoin ETF, IBIT with $19.9 billion worth of net assets, flipped Grayscale’s Bitcoin ETF, GBTC which holds $18.35 billion in net assets.
Crypto traders highlight that BlackRocks’s BTC ETF flipped Grayscale’s BTC ETF, hard and the latter did not even attempt to try and retain customers by lowering the fees. Predictions claim that Fidelity’s Bitcoin ETF, FBTC will be the next to flip FBTC.
At the moment, FBTC holds $11.2 billion in net assets as of June 14.
Top largest corporate Bitcoin holders
HODL15Capital shared another post via their X account, revealing the largest corporate Bitcoin holders as of June 14, 2024.
Regarding the number of BTC held, BlackRock’s IBIT is number 1 with 305,592 BTC worth about $20 billion at current prices. Second comes Grayscale’s GBTC, with 280,413 BTC worth about $18.5 billion at current prices.
In terms of corporations, Microstrategy’s MSTR is holding 214,400 BTC worth about $14 billion at current prices.
In terms of miner companies, Maraton Digital’s MARA holds 17,857 BTC worth about $1.1 billion.
Regarding Bitcoin‘s price today, at the moment of writing this article, BTC is trading at around $66,200.
- Zoom
- Type
Despite the fact that Bitcoin’s price saw high volatility during the past few days ahead of important US economic data and a rare miner capitulation event, the full picture of the Bitcoin whale population looks bullish.
Whales have been accumulating Bitcoin recently and, as on-chain analyst Willy Woo noted, the whale population continues to rise.
On the other hand, Woo recently said that Bitcoin’s price will not see a new surge until the market is purged by BTC miners who are selling post-halving.
